Word: creditably
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
Your Dec. 24 story on Israel's "Massacre of the Innocents" [48 Arab villagers were shot by over-zealous Israeli border guards on the eve of Israel's invasion of Egypt] does credit to the fundamental ethical and moral values by which humanity professes to live. What other leader and Parliament would make public such a disgrace voluntarily and display sincere contrition so quickly and compensation so readily without U.N. meddling...
...supplies nearly all the funds), declared that "no more money will be advanced to Naha city because of the changed situation," and froze payment of a $666,000 installment on Naha's reconstruction program. Explained Tomihara blandly: "Americans did not order me to chop off Naha's credit. I am doing so because Senaga in his campaign speeches said that if elected he would refuse all U.S. aid. You do not lend money to a man who has said he will never touch...
...surprising fact was that having bought as never before, U.S. consumers still had money left over to pay off some of the huge installment debt that they ran up in 1955. Though total consumer credit rose some $3 billion to a new high of $41 billion, the increase was only half last year's $6 billion increase. And in October, for the first time in two years, auto repayments passed new auto loans. Said San Francisco Retailers Credit Association Manager Frank Caldwell: "The average consumer is a smart person; he is not obligating himself too heavily...
Johnny Appleseed. The argument over bigness was only a whisper compared to the uproar over tight money. Even if few understand all the complexities of the Federal Reserve Board actions to curtail credit buying, everyone in some way felt the effects. Business borrowing costs soared as high as 6% as FRB's discount rate on loans to member banks was raised to 3%, the highest point since the 1930s. Home mortgage rates jumped from 4½% to a peak 6% in some areas. As housing starts slipped to 1,100,000 in 1956, down 200,000 in a year...
...industries, notably autos, the Federal Reserve all year long made a determined attempt to hold down spending. Stumping the nation with the fervor of a Johnny Appleseed, FRB Chairman William Martin pleaded with businessmen to take another hard look, and perhaps cut down on expansion and their demands for credit. "Creating more money will not create more goods," he argued. "It can only intensify demands for the current supply of labor and materials. That is outright inflation...